Tax Time – Tip Two

Administrator, 04 December 2006, No comments
Categories: Business Basics, Direct Sales Tips

If you haven’t done it already, set up a system for keeping track of receipts. I find this part very frustrating. I think I have receipts all over the place! I forget about them and then find them months later at the bottom of my purse.

To make it easier, at first just make a folder for receipts. Try to put all the receipts in there when you receive them. Later subdivide the folder into more specific niches. For example, I could have sections for embroidery supplies, embroidery blanks and outside services for my embroidery business. A great idea is to buy one of those folders that are already divided and this will help with organizing your receipts.

Once you have the receipts subdivided, order them by date for easy access later.

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